Which of the following are examples of the gross private domestic investment component of Gross Domestic Product (GDP)?I.The purchase of production equipmentII.An increase in finished goods inventory
A. I only
B. II only
C. Both I and II
D. Neither I nor II
Answer: C
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If the interest rate is above the equilibrium interest rate, then
A) there is an excess demand for money. B) the quantity of money demanded exceeds the quantity supplied. C) people will sell bonds and the interest rate will fall. D) people will buy bonds and the interest rate will fall.
Arguments for discretionary policies include
A) policy rules can be too rigid because they cannot foresee every contingency. B) the time-inconsistency problem can lead to poor economic outcomes. C) discretionary policies pursue overly expansionary monetary policies to boost employment in the short run but generate higher inflation in the long run. D) all of the above.
The overuse of a common resource is also referred to as the free rider problem
a. True b. False Indicate whether the statement is true or false
Which statement is true?
A. The largest merger in history involved Chase Manhattan Bank. B. There have been only two mergers in our entire history valued at over $15 billion. C. It is illegal under our antitrust laws for two firms in the same industry to merge. D. None of these statements are true.